SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
January 25, 2000
CROWN RESOURCES CORPORATION
(Exact name of registrant as specified in its charter)
Washington 0-17480 84-1097086
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification
incorporation) Number)
1675 Broadway, Suite 2400, Denver, Colorado 80202
(Address of Principal Executive Offices)
Registrant's telephone number,
including area code: (303) 534-1030
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events.
On January 19, 2000 the Crown Jewel gold project received
unfavorable rulings concerning the previously issued 401-Water
Quality Permit and various water rights permits before Washington
state's Pollution Control Hearings Board ("PCHB"). The PCHB ruled
against the Department of Ecology and Battle Mountain Gold Company
by upholding the appeal of the water rights and 401-Water Quality
Permit by special interest groups challenging the project.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
Exhibit
Number Description
20.1 Crown Resources Corporation's Press Release dated ,
2000.
99.1 Final Findings of Fact, Conclusions of Law and
Order before the Pollution Control Hearings Board,
State of Washington
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
CROWN RESOURCES CORPORATION
Dated: January 25, 2000 By: /s/ James R. Maronick
James R. Maronick
Chief Financial Officer
INDEX TO EXHIBITS
Exhibit
Number Description Page No.
20.1 Crown Resources Corporation's Press Release
dated, 2000.
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly
authorized.
CROWN RESOURCES CORPORATION
Dated: January 25, 2000 By:/s/ James R. Maronick
James R. Maronick
Chief Financial Officer
Exhibit 20.1
January 19, 2000
CROWN JEWEL PROJECT RECEIVES UNFAVORABLE COURT RULINGS
DENVER, COLORADO - Crown Resources Corporation today announced
that
the Crown Jewel gold project received unfavorable rulings
concerning the previously issued 401-Water Quality Permit and
various water rights permits before Washington state's Pollution
Control Hearings Board ("PCHB"). The PCHB ruled against the
Department of Ecology ("DOE") and Battle Mountain Gold Company
by
upholding the appeal of the water rights and 401-Water Quality
Permit by special interest groups challenging the project.
Christopher E. Herald, President and CEO of Crown, stated, "This
decision is being reviewed with Battle Mountain Gold to determine
our next course of action. We were shocked by the court's
decision
reversing eight years of diligent work by the Department of
Ecology
which had previously determined that the project met all legal
standards regarding these permits. Although this decision will
further delay the project's start-up, we remain determined to see
that Crown Jewel goes into production. It is not only important
to
Crown Resources and its shareholders, but also to the local
economy
which continues to suffer with high unemployment."
The Crown Jewel gold deposit contains approximately 1.6 million
ounces of gold at an average grade of 0.188 ounces of gold per
ton.
Battle Mountain Gold Company is earning a 54% interest in the
project. The project will result in over 150 highly paid jobs
for
a period of approximately ten years.
Crown is a U.S. domiciled gold exploration company with
properties
in the U.S. and Mexico and a 57%-equity interest in Solitario
Resources Corporation (SLR-Toronto Stock Exchange). Crown is
traded on the NASDAQ National Market System under the trading
symbol CRRS and on the Toronto Stock Exchange under the symbol
CRO.
FOR MORE INFORMATION, CONTACT:
Christopher E. Herald - (303) 534-1030
Debbie W. Mino - (800) 229-6827
E-mail: [email protected]
The information set forth above includes "forward-looking"
statements within the meaning of section 27A of the Securities
Act
of 1933 and Section 21E of the Securities Exchange Act of 1934
and
is subject to the safe harbor created by those sections. Factors
that could cause results to differ materially from those
projected
in the forward-looking statements include, but are not limited
to,
the timing of receipt of necessary g overnmental permits, the
results of judicial proceedings, the market price of gold,
results
of current exploration activities and other risk factors.
